Day Trading Guide For October 12

Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:

₹1935 • HDFC Bank

S1

S2

R1

R2

COMMENT

1920

1905

1947

1965

Fresh long positions can be initiated with a stiff stop-loss if the stock rebounds up from ₹1,920 levels

 

₹675 • Infosys

S1

S2

R1

R2

COMMENT

665

655

685

695

Initiate fresh short positions with a tight stop-loss if the stock of Infosys fails to move above ₹685 levels

 

₹265 • ITC

S1

S2

R1

R2

COMMENT

263

260

268

271

A strong rally above ₹268 will be a positive cue to initiate fresh long positions with a fixed stop-loss

 

₹152 • ONGC

S1

S2

R1

R2

COMMENT

150

147

156

159

The stock is witnessing buying interest at lower levels. Buy in declines with a fixed stop-loss at ₹150 levels

 

₹1089 • Reliance Ind.

S1

S2

R1

R2

COMMENT

1070

1050

1105

1120

Consider initiating fresh long positions with a stiff stop-loss if the stock of RIL reverses higher from ₹1,070 levels

 

₹262 • SBI

S1

S2

R1

R2

COMMENT

258

253

267

272

Fresh short positions can be initiated with a tight stop-loss only if the stock of SBI falls below ₹258 levels

 

₹1979 • TCS

S1

S2

R1

R2

COMMENT

1960

1940

2000

2020

Fresh long positions are recommended with a fixed stop-loss only if the stock advances above ₹2,000 levels

 

10252 • Nifty 50 Futures

S1

S2

R1

R2

COMMENT

10200

10150

10300

10355

Consider initiating fresh long positions with a stiff stop-loss if the contract moves beyond 10,300 levels

 

S1, S2 : Support 1 & 2; R1, R2: Resistance 1 & 2.

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